International law firm Clifford Chance has advised EnBW International Finance B.V. on the issue of their first green bond in the amount of 500 million Euro. The proceeds will be used to fund "Qualified Green Projects" in the fields of wind power, photovoltaics and electromobility. EnBW’s first green bond is certified to the high standards of the Climate Bonds Initiative (CBI).

The bond with a term of 15 years and a coupon of 1.875 percent was several times oversubscribed. It is guaranteed by EnBW Energie Baden-Württemberg AG. The banking syndicate consisted of SEB and Société Générale as Global Coordinators and Joint Green Bond Structuring Advisors as well as BBVA, DZ Bank, LBBW and Morgan Stanley as further Joint Lead Managers.

The Clifford Chance team comprised partner Sebastian Maerker and associate Wolfgang Ettengruber (both Frankfurt) as well as partner Jurgen van der Meer and associate Gesrow Hamid (both Amsterdam, all Banking & Capital Markets).

Inhouse at EnBW Martin Düker (Group Legal) advised on all legal aspects of the transaction.